MarketInvoice partners with NatWest to fund British businesses

11-Apr-2018

Business finance company MarketInvoice joins a
select group of leading alternative finance firms on NatWest’s Capital
Connections panel.

Capital Connections helps SMEs to access
alternative sources of capital after being unable to secure traditional
financial backing. Business customers are signposted to the panel of innovative
sources of finance including equity crowdfunding, marketplace lenders and now
invoice financing.

MarketInvoice helps businesses get paid faster
by unlocking cash tied up in unpaid invoices. Businesses can choose to fund
specific invoices or their whole ledger, based on funding needs. The range of
invoice finance solutions help to improve cash flow, quickly and easily. It’s a
simple way to get paid upfront, without having to wait out lengthy payment
terms.

Last month, MarketInvoice reached the milestone
of funding £2bn worth of invoices and business loans to UK companies. Launched
in 2011, the company has provided business finance solutions to thousands of
businesses across the UK who employ more than 19,000 people. During this time
over 90,000 invoices have been funded to 93 countries. In 2017, MarketInvoice
almost doubled the average amount advanced to UK businesses - from £606k in
2016 to £1.14m.

Anil Stocker, CEO and co-founder of
MarketInvoice commented:

“Featuring on this panel will broaden our reach
and help even more businesses achieve their goals. Companies across the UK are
choosing to diversify funding sources with more than £4bn advanced through
alternative finance firms. Furthermore, the invoice finance (and asset-based
lending) sector is providing more finance to UK businesses than ever before. Funding
volumes are up 5% year on year and stand at just over £23bn. This is the
highest figure ever.

“As the first invoice finance provider on the
panel, we will be able to showcase how invoice finance can help businesses of
all sizes and work with them to find the right solution. Enhancing access to
borrowing is essential for jobs and economic growth.”

Alison Rose, CEO of commercial and private
banking at Natwest, said:

“We’re excited to welcome our first invoice
finance provider to Capital Connections. MarketInvoice has serviced a large
number and wide variety of businesses. Their robust service, quick and easy to
use solutions, provide another distinct choice for the many innovative
businesses in the UK. As the biggest supporter of British business, we
understand that traditional funding routes are not always the best option for
fast growing start-ups. Through Capital Connections we’re able to signpost a
broad choice of funding options through its impressive range of alternative
lenders.”

MarketInvoice is the ninth alternative finance
provider to join Capital Connections, alongside Funding Circle, Assetz Capital,
Start Up Loans, Seedrs, Together, iwoca, Esme Loans* and NatWest Social &
Community Capital**. Each provider has been selected to cover the range of
different funding products and include a mix of specialty finance and
peer-to-peer lending.

MarketInvoice business highlights (last 12
months):• Reached landmark milestone of funding
invoices and business loans worth £2bn to UK companies• Launched new brand and business loans
solution• Secured credit insurance (Euler Hermes) and
credit control (Veritas Commercial Services) partnerships• Partnered with European banks that are
participating directly on the platform alongside the British Business Bank, UK
local authorities, global family offices and sophisticated and HNW investors• Selected in The Sunday Times Tech Track 100
and Global CB Insights Fintech250 2017 rankings• Appointed Giles Andrews OBE, the founding
father of peer-to-peer lending, as chairman

MarketInvoice’s main strategic ambition is to
broaden its reach to be able to support a wider range of businesses, from
start-ups to larger businesses looking to scale up. The company aims to help
even more companies with their working capital needs, so business owners can
save time and focus on running their business.